Indie News: Eric Bischoff purchases professional wrestling company and has big plans

What's the story?

Eric Bischoff is famous for his sharp mind for the pro wrestling business. He turned WCW into legitimate competition for Vince McMahon and Co during the Monday Night Wars and continued his legacy into other forms of entertainment as part of Bischoff-Hervey Productions.

Now, Bischoff appears to be getting back into the pro wrestling game in a big way and he's bringing some friends along with him.

In case you didn't know...

The independent wrestling scene is a thriving commodity at this point. With the advancement of new technology comes the idea that people can watch a match happening in a high school gym across the country on their smartphones for a service fee.

The rise of independent wrestling has also seen some names skyrocket to the top of the game due to their activity apart from WWE's bigger stage. Truth be told, now is the time to step in and take full advantage of this passionate growing fanbase for independent wrestling and Eric Bischoff obviously knows an opportunity when he sees one.

The heart of the matter

When people like Eric Bischoff, Hulk Hogan, and Austin Aries started promoting something big was coming up it garnered some attention. But nobody expected to hear that Eric Bischoff would be announced as the new co-owner and Director Of Operations for a pro wrestling company.

It is true, Eric Bischoff was announced as Cleveland Knights Championship Wrestling's new co-owner and Director Of Operations. The former head of WCW will make his debut for the promotion on February 9th in Parma, Ohio to discuss his vision for the company.

If Hulk Hogan and Austin Aries' tweets are any indication of things, fans could probably expect some big things to happen for the Cleveland-based pro wrestling company very soon.

What's next?

You never know what Eric Bischoff's vision for this new company could be. After all, he did just launch his IRW Network. IRW stands for "Indies Rule The World" and it looks like Eric Bischoff could be taking that to another level.

Author's take

I'm excited to see what Bischoff has in store for this new company. With all of his production experience and ability to network, who knows if ROH and NXT would have a viable competitor in the same space very soon.